New Hampshire Reverse Mortgage Information

Known for its brisk weather, and amazing scenery, New Hampshire is a state that’s often overshadowed by other, flashier states. While it’s true that the cold weather can be a bit harsh, the natural beauty of the landscape more than makes up for any discomfort you feel during the winter months. Many people that spend their lives in New Hampshire are faced with the difficult decision of whether or not to sell their home and retire elsewhere during their golden years. If you are considering selling your home and moving, then there are a few things you should consider before making a decision you may come to regret.

Find out how a reverse mortgage loan can be part of a comfortable retirement in New Hampshire. Click here for free information.

Reasons to Retire in NH

If you live in New Hampshire then you already know that one of the biggest benefits of living in the state is the fact that there is no income tax on wages! That means you keep more of the money you make. So, if you decide you want to work part-time during your retirement you will benefit financially. What you may not be aware of is the fact that New Hampshire also doesn’t tax your pension or other retirement accounts. This is particularly beneficial because once you retire and lose the steady income you have relied on, avoiding taxes on your pension or retirement account is very beneficial.

While the winter weather in New Hampshire is quite cold, the summers are fairly mild and comfortable making it an ideal place to spend time outdoors. New Hampshire also has a small number of coastlines making spending a day at the beach a fun way to enjoy the wonderful summer weather.

Reverse Mortgages: Financial Freedom Without Forcing You to Give Up Your Home

The main reason that many people choose to sell their home when they retire is for financial benefit. In many cases, people still have a mortgage payment and owe on their home, and now that they are retiring making those monthly payments becomes much more challenging. Other people sell their home so that they can use the money to finance their retirement and live life the way that they deserve to.

The good news is that a reverse mortgage can help you if you are looking for the financial benefits of selling your home, but don’t actually want to sell it. After all, you’ve probably spent many happy years in your home, do you really want to sell it now? Of course, you don’t. If you currently owe a small amount on your original mortgage getting a reverse mortgage will enable you to pay it off, getting rid of those payments forever. You get to keep your home, and you don’t have to worry about making mortgage payments ever again. On top of that, a reverse mortgage unlocks the equity in your home giving you access to it. That means you can use it to fund a trip you have always wanted to go on, or just to cover bills and other living expenses.

Find out how a reverse mortgage loan can be part of a comfortable retirement. Click here for free information.

Compare New Hampshire Reverse Mortgage Lenders

All Time

Lender Loans Total Principal Limit
WELLS FARGO 1,028 252,458,918
REVERSE MORTGAGE FUNDING LLC 292 88,757,145
ONE REVERSE MORTGAGE LLC 227 52,103,510
AMERICAN ADVISORS GROUP 224 79,765,205
FINANCIAL FREEDOM SENIOR FUNDING CORP 213 46,657,696
METLIFE BANK NATIONAL ASSOCIATION 210 51,320,400
PROVIDIAN NATIONAL BANK 159 20,701,635
MEREDITH VILLAGE SAVINGS BANK 157 48,604,430
AMSTON MORTGAGE 148 28,933,925
EQUITY AMERICA MORTGAGE SVCS INC 127 29,373,691
BANK OF AMERICA 106 25,957,425
MUTUAL OF OMAHA MORTGAGE INC. 91 42,305,540
REVERSE MORTGAGE SOLUTIONS INC 83 21,666,500
UNITY MORTGAGE CORP 77 8,916,112
FINANCE OF AMERICA REVERSE LLC 77 25,978,590
LONGBRIDGE FINANCIAL LLC 68 29,291,275
FIRST CALL MORTGAGE COMPANY 64 15,741,150
SYNERGY ONE LENDING INC. 64 20,812,525
MERRIMACK MORTGAGE COMPANY INC 63 15,344,400
ACCREDITED MORTGAGE CORP 57 14,092,460

Since 2012

Lender Loans Total Principal Limit
REVERSE MORTGAGE FUNDING LLC 292 88,757,145
AMERICAN ADVISORS GROUP 224 79,765,205
ONE REVERSE MORTGAGE LLC 144 34,355,650
MUTUAL OF OMAHA MORTGAGE INC. 91 42,305,540
REVERSE MORTGAGE SOLUTIONS INC 83 21,666,500
MEREDITH VILLAGE SAVINGS BANK 82 28,388,450
FINANCE OF AMERICA REVERSE LLC 69 24,097,200
LONGBRIDGE FINANCIAL LLC 68 29,291,275
SYNERGY ONE LENDING INC. 64 20,812,525
LIBERTY HOME EQUITY SOLUTIONS INC 56 13,928,150

Reverse Mortgage Interest Rates in New Hampshire

We’ve compiled recent reported interest rates on Home Equity Conversion Mortgages (HECM) from the U.S. Department of Housing and Urban Development:

Current Rates

Date Fixed Rate Adjustable Rate
2019-01-01 NA 4.86%
2019-02-01 4.31% 5.47%
2019-03-01 NA 5.14%
2019-04-01 NA 4.61%
2019-05-01 NA 4.73%
2019-06-01 4.68% 4.56%
2019-07-01 NA 4.86%
2019-08-01 NA 4.03%
2019-09-01 NA 3.92%
2019-10-01 NA 4.08%
2019-11-01 NA 4.47%
2019-12-01 NA 3.93%
2020-01-01 NA 4.24%
2020-02-01 NA 4.12%
2020-03-01 NA 4.16%
2020-04-01 NA 3.92%
2020-05-01 NA 3.61%
2020-06-01 NA 3.10%
2020-07-01 NA 3.20%
2020-08-01 NA 3.14%
2020-09-01 NA 3.06%
2020-10-01 NA 2.62%
2020-11-01 NA 2.85%
2020-12-01 NA 2.94%
2021-01-01 NA 2.71%
2021-02-01 NA 2.49%
2021-03-01 NA 2.70%
2021-04-01 NA 2.50%
2021-05-01 3.39% 2.39%
2021-06-01 NA 2.23%
2021-07-01 NA 2.25%
2021-08-01 NA 2.45%
2021-09-01 NA 2.03%
2021-10-01 NA 2.32%
2021-11-01 NA 2.19%
2021-12-01 NA 2.39%
2022-01-01 NA 2.47%
2022-02-01 NA 2.43%
2022-03-01 3.18% 2.81%
2022-05-01 NA 3.88%
2022-04-01 NA 3.41%
2022-06-01 NA 4.16%
2022-07-01 5.43% 4.93%
2022-08-01 NA 4.99%
2022-09-01 NA 5.56%
2022-10-01 NA 6.07%
2022-11-01 NA 6.68%
2022-12-01 NA 7.18%
2023-01-01 NA 7.22%
2023-02-01 NA 7.41%
2023-03-01 NA 7.28%
2023-04-01 NA 7.06%
2023-05-01 NA 7.11%
2023-06-01 NA 6.82%
2023-07-01 NA 7.34%
2023-08-01 NA 7.73%
2023-09-01 NA 7.79%
2023-10-01 NA 7.86%
2023-11-01 NA 7.98%
2023-12-01 NA 7.95%
2024-01-01 NA 7.60%
2024-02-01 NA 7.33%
2024-03-01 NA 7.43%
2024-04-01 NA 7.20%
2024-05-01 NA 7.47%
2024-06-01 NA 7.33%
2024-07-01 NA 7.46%

Historic Rates

Date Fixed Rate Adjustable Rate
2016-01-01 NA 3.63%
2016-02-01 4.78% 3.78%
2016-03-01 5.02% 3.78%
2016-04-01 5.06% 4.00%
2016-05-01 5.06% 4.03%
2016-06-01 5.06% 4.25%
2016-07-01 NA 4.64%
2016-08-01 4.50% 4.42%
2016-09-01 NA 4.81%
2016-10-01 4.78% 4.67%
2016-11-01 4.50% 4.74%
2016-12-01 4.50% 4.83%
2017-01-01 5.06% 4.97%
2017-02-01 5.06% 4.84%
2017-03-01 5.06% 4.70%
2017-04-01 NA 4.52%
2017-05-01 5.06% 4.74%
2017-06-01 NA 4.41%
2017-07-01 5.04% 4.47%
2017-08-01 4.88% 4.50%
2017-09-01 5.06% 4.57%
2017-10-01 NA 4.47%
2017-11-01 NA 4.46%
2017-12-01 4.75% 4.73%
2018-01-01 4.00% 4.72%
2018-02-01 4.89% 4.82%
2018-03-01 NA 4.92%
2018-04-01 NA 4.74%
2018-05-01 4.75% 5.09%
2018-06-01 NA 4.57%
2018-07-01 NA 5.11%
2018-08-01 NA 4.65%
2018-09-01 NA 4.97%
2018-10-01 4.93% 4.85%
2018-11-01 NA 4.75%
2018-12-01 4.68% 5.39%

Top Cities in New Hampshire by Total HECM Loans Originated

Rank City Zip Total
1 SALEM 3079 168
2 MANCHESTER 3103 123
3 MANCHESTER 3104 116
4 HAMPTON 3842 105
5 PORTSMOUTH 3801 102
6 DERRY 3038 99
7 MERRIMACK 3054 98
8 HUDSON 3051 97
9 NASHUA 3060 92
10 NASHUA 3062 92
11 DOVER 3820 90
12 LONDONDERRY 3053 87
13 ROCHESTER 3867 85
14 LACONIA 3246 84
15 MANCHESTER 3102 83
16 CONCORD 3301 79
17 KEENE 3431 78
18 BEDFORD 3110 73
19 NASHUA 3063 63
20 NASHUA 3064 63
21 WOLFEBORO 3894 62
22 MANCHESTER 3109 60
23 MILFORD 3055 56
24 WINDHAM 3087 49
25 MEREDITH 3253 47
26 HOOKSETT 3106 46
27 GOFFSTOWN 3045 46
28 PLAISTOW 3865 46
29 AMHERST 3031 45
30 PETERBOROUGH 3458 42

Find out how a reverse mortgage loan can be part of a comfortable retirement in New Hampshire. Click here for free information.

HECM Counselors in NH

AFFORDABLE HOUSING, EDUCATION AND DEVELOPMENT, INC. (AHEAD)
161 MAIN ST
LITTLETON, NH 03561-4020
(603) 821-4535

COMMUNITY HOME SOLUTIONS
14 NEW ZEALAND RD
SEABROOK, NH 03874-4280
(603) 474-7449
http://communityhomesolutions.org

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